Kalpataru Power rises over 3% on bagging new order

Shares of Kalpataru Power Transmission jumped over 3 per cent on the Bombay Stock Exchange after the company said it has bagged new orders worth Rs 1,200 crore. Boosted by the development, shares of company gained as much as 3.39 per cent to hit an intra-day high of Rs 319.90 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company were up 2.97 per cent to trade at Rs

Kellton Tech jumps over 5% on acquiring Lenmar Group

Shares of Aurobindo Pharma soared over 5 per cent on the Bombay Stock Exchange after the company said that it has acquired US-based Lenmar Group of Companies, a global IT services and solutions group with a commanding presence in banking and financial services space.

Following the announcement, shares of company gained as much as 5.45 per cent to hit an intra-day high of Rs 132.50 api

Aurobindo Pharma rises on USFDA nod for HIV drug

Shares of Aurobindo Pharma advanced over 1 per cent on the Bombay Stock Exchange after the drug maker said that it has receives US FDA approval for abacavir sulfate and lamivudine tablets used in the treatment of HIV.

Following the announcement, shares of company gained as much as 1.49 per cent to hit an intra-day high of Rs 681.50 apiece on Bombay Stock Exchange. In a similar fashion

Adani Ports hits 52-week high on rating upgrade

Shares of Adani Ports and Special Economic Zone rallied over 4 per cent, hitting 52-week high, on the Bombay Stock Exchange after global rating agency Credit Suisse affirmed ‘Outperform’ rating to the company.

Boosted by the development, shares of company gained as much as 4.5 per cent to hit fresh 52-week high in intra-day to trade at Rs 334.75 apiece on Bombay Stock Exch

Hathway Cable hits 52-week high on block deal

Shares of Hathway Cable & Datacom rallied nearly 10 per cent in early trade, hitting 52-week high, on the Bombay Stock Exchange amid block deal. According to data available with exchange, over 2.5 crore shares traded in a block deal at Rs 37.30 per share, compared with average daily volume of 28,000 shares in the past two weeks.

Driven by block deal, shares of company gained as mu

BSE Bank Index up 0.7% as Finance Minister assures to resolve NPA issue

Shares of PSU banking stocks extended rally for the second day on the Bombay Stock Exchange (BSE) after the Finance Minister Arun Jaitley assured to resolve the non-performing assets (NPA) issue soon. FM, though, did not disclose the timeline for the announcement, but asserted that the resolution may be arrived at a level higher than RBI's oversight panel, PTI reported.

Among the

Dishman Pharma hits record high on US FDA approval for cancer drug

Shares of Dishman Pharmaceuticals rallied over 15 per cent on the Bombay Stock Exchange after the drug maker said that its partner Tesaro Inc has received US Food and Drug Administration (FDA) approval for cancer drug Zejula capsules.

Extending previous session rally, shares of company gained as much as 15.56 per cent to hit fresh 52-week high in intra-day to trade at Rs 321.50 apiece

Bharti Infratel extends gain post stake sale plan by parent co

Shares of Bharti Infratel extended rally on Wednesday and spiked nearly 7 per cent on the Bombay Stock Exchange after parent company, Bharti Airtel, sold 10.3 per cent stake in the company to a consortium of global private equity firms KKR and Canada Pension Plan Investment Board (CPPIB).

Continuing its gaining momentum, shares of company rose as much as 6.79 per cent to hit intraday

SBI up over 2% on plan to hike stake in SBI Card

Shares of State Bank of India soared over 2 per cent on the Bombay Stock Exchange after the public sector lender said that it will increase its stake in SBI Card to 74 per cent by June end. In another development, the bank said that it would start merger process of five associates and Bharatiya Mahila Bank (BMB) from April 1, which is expected to be completed in three months.

Boosted

Axis Bank up over 2% on raising fund worth $10 mn

Shares of Axis Bank soared over 2 per cent on the Bombay Stock Exchange after the private sector lender said that it has raised senior notes aggregating to USD 10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.

Boosted by the development, shares of bank gained as much as 2.58 per cent to hit intra-day high of Rs 499.80

Shriram EPC surges over 9% on winning new order

Shares of Shriram EPC spiked over 9 per cent on the Bombay Stock Exchange after the company said that it has bagged an order worth USD 107,760,000 from United Republic of Tanzania, Tanzania in JV with Larsen & Toubro. Boosted by the development, shares of company gained as much as 9.55 per cent to hit intra-day high of Rs 30.95 apiece on Bombay Stock Exchange.

In a similar fashion

Dishman Pharma zooms 20% on merger updates

Shares of Dishman Pharmaceuticals rallied 20 per cent and locked in upper circuit on the Bombay Stock Exchange after the company informed about its amalgamation with Carbogen Amcis (India) (CAIL) and Dishman Care (DCL) with effective from March 17.

Following the announcement, shares of company gained as much as 19.99 per cent to hit 52-week high in intra-day to trade at Rs 278.20 apie

Bharti Infratel rises nearly 4% on stake sale plan by parent co

Shares of Bharti Infratel jumped nearly 4 per cent on the Bombay Stock Exchange after parent company, Bharti Airtel, successfully completed the secondary sale of over 190 million shares of the tower infrastructure arm, representing a 10.3 per cent stake. Buoyed by the development, shares of company gained as much as 3.98 per cent in intra-day to hit intraday high of Rs 325.00 apiece on Bombay S

GVK Power surges nearly 6% on nod to sell 33% stake in BIAL

Shares of GVK Power & Infrastructure jumped nearly 6 per cent on the Bombay Stock Exchange after the company said that it has obtained all the necessary approvals in the BIAL shareholders agreement for the sale of 33 per cent stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments Ltd and Fairfax India Holdings Corporation.

Boosted by the development,

SBI up over 1% on plans to sale 10% stake in SBI Life

Shares of country’s largest lender State Bank of India fell over 1 per cent on the Bombay Stock Exchange after the lender said that it is planning to dilute 10 per cent of its stake in the life insurance venture SBI Life through public offer.

Following the announcement, shares of bank gained as much as 1.68 per cent to hit intra-day high of Rs 280.70 apiece on the Bombay Stock E

JSPL falls over 3% as CBI files chargesheet in Naveen Jindal case

Shares of Jindal Steel and Power Limited (JSPL) dipped over 3 per cent on the Bombay Stock Exchange after Economic Times reported that CBI has filed a supplementary chargesheet naming five more persons as accused in a coal scam case against Naveen Jindal and others.

Weighed down by the development, shares of company declined as much as 3.21 per cent to hit intra-day low of Rs 115.90 a

SpiceJet hits record high amid heavy volume

Shares of low-cost carrier SpiceJet continued gaining streak for the third day and rallied over 7 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange amid surge in volume trade. According to Business Standard report, strong passenger growth traffic last month, coupled with weaken dollar and lower crude oil prices boosted the short-term outlook for aviation stocks.

Exten

RIL falls over 2% after Sebi bars from F&O segment

Shares of Reliance Industries tanked over 2 per cent on the Bombay Stock Exchange after capital market regulator the Securities and Exchange Board of India (Sebi) penalized the Mukesh Ambani’s company for unlawful transactions and imposed a one-year ban on it from trading in equity derivatives. Reacting to the news, shares of company declined as much as 2.34 per cent to hit intra-day low

Coal India dips over 2% as stock trades ex-dividend

Shares of state-run Coal India fell over 2 per cent on the Bombay Stock Exchange after the stock traded ex-interim dividend for Rs 1.15 per share. The company’s board in its meeting on March 26, 2017, had approved payment of second interim dividend for the financial year 2016-17 at Rs 1.15 per share of the face value of Rs 10.

Weighed down by the development, shares of company d

Skipper hits 52-week high on bagging new order

Shares of Skipper rallied over 10 per cent, hitting 52-week high, on the Bombay Stock Exchange (BSE) after it secured contracts worth Rs 405 crores approx for supply of Transmission Towers to the projects of Power Grid Corporation of India Limited (PGCIL), Transmission Corporation of Telengana Limited (TSTRANSCO) and Power Transmission Corporation of Uttrakhand Limited (PTCUL).

Follow

Siemens bags order worth Rs 187.4 cr from BREB

Siemens Limited has said that it has won an order worth approximately Rs. 187.4 crore from Bangladesh Rural Electrification Board (BREB), Dhaka. The project includes construction of new 33/11 kV Air Insulated Switchgear substations in Dhaka, Chittagong and Sylhet. BREB is an electricity distribution provider under the Government of Bangladesh responsible for providing electricity to the rural p

NHPC spurts over 2% on signing PPAs with TP-DDL

Shares of NHPC rose over 2 per cent on the Bombay Stock Exchange (BSE) after it said that it has signed Power Purchase Agreements (PPAs) in respect to seven power stations namely Bairasiul, Salal, Tanakpur, Chamera-I, Uri-I, Sewa-II and Chamera-III on 22.03.2017 with Tata Power- Delhi Distribution Limited (TP-DDL) for a period of 35 years from the date of commercial operation (COD) of respectiv

PSU banks gain as FM assures to resolve NPA issue

Shares of public sector undertakings (PSU) banking stocks were trading over 2 per cent in opening on the Bombay Stock Exchange (BSE) after the Finance Minister Arun Jaitley assured to resolve non-performing assets (NPA) issue soon. FM, though, did not disclose the timeline for the announcement, but asserted that the resolution may be arrived at a level higher than RBI's oversight panel, PTI

YES Bank rises nearly 2% on fund raising plans

Shares of private sector lender YES Bank advanced nearly 2 per cent on the Bombay Stock Exchange (BSE) after media report suggested that the bank would raise up to USD 600 million with Greenshoe Option of USD 150 m via QIP. In a clarification to exchange, the bank has said that its board had passed resolutions in April and October last year allowing the bank to raise USD 1 billion equivalent (i

Bharti Airtel gains nearly 3% on acquiring 4G biz of Tikona

Shares of Bharti Airtel soared nearly 3 per cent in early trade on the Bombay Stock Exchange (BSE) after telecom major said it will acquire 4G business of Tikona Networks for about Rs 1,600 crore.

Buoyed by the development, shares of company gained as much as 2.83 per cent to hit intra-day high of Rs 348.00 apiece on the Bombay Stock Exchange. In a similar fashion, stocks of lender cl